The dip is understandable but in my view an over reaction.
To have moved forward the vehicle, TheoremRX would need to have been created for Val to be able to contract with a legal entity. Creation meant that the LOI could be signed allowing the officers of TheoremRX, including our patent lawyer, to do their due diligence. Having done so they have entered into the licensing agreement.
Only once the agreement has been signed do they have a proposition that they can then attract investment against. Of course they will have been warming partners up in the background but you have to have the agreement in place to have something to invest in.
Personally I am confident that funds will be in place far sooner than the end of Q1 long stop and will remain fully supportive of the BoD as they execute their stated strategy
Is there any connection between Theorem RX and Theorem Consulting divested from Nautic? I ask as I note our patent lawyer, Ken Sorensen, is Chairman of TheoremRX
An alternative view might be that you would sign the agreement after a 6 week period of due diligence in order to be able to raise the funds with an agreement in place for investors to invest in...................
Interesting last half hour buying surge on PYC. As we know PYC have a significant interest in a deal being done .......................someone know summat?
Looking at the trading pattern yesterday you cannot help but wonder if the deadline for a deal / announcement was set for month end which would make 8am on Monday very interesting!